NPS warns uncertainty remains high despite record returns

South Korea's National Pension Service said Wednesday that uncertainty in global financial markets remains elevated despite the pension fund posting a third straight year of record-breaking returns.

Speaking at Asia Asset Management’s 11th Korea Roundtable in Seoul, Seo Won-joo, chief investment officer of the NPS, said market volatility has intensified this year amid geopolitical tensions, rising protectionism and rapid advances in artificial intelligence. “The NPS recorded an annual return of